GBPUSD Forecast:

The GBPUSD failed to maintain its bullish bias on Friday, topped at 1.4608 but whipsawed to the downside and closed lower at 1.4459. The bias is neutral in nearest term but this fact could potentially produce a false breakout scenario towards 1.4350 before testing 1.4240 region. On the upside, another move above 1.4527 could trigger further upside momentum towards 1.4608 before testing 1.4715 area. It is still a difficult and volatile market out there so don’t rush jump into the market and stay discipline with your own trading criteria. Plan your trade and trade your plan.

Related Posts:

  • EURUSD Daily Forecast: May 31
  • GBPUSD Daily Forecast: May 28
  • GBPUSD Daily Forecast: May 27
  • GBPUSD Daily Forecast: January 20
  • USDJPY Daily Forecast: March 05
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